Form 4: Minerals Technologies Inc. Executive Reports Stock Transactions
SEC Form 4
Michael Cipolla, a Vice President at Minerals Technologies Inc., reported the acquisition and disposal of company stock and deferred restricted stock units on January 27, 2025.
Summary
- Michael Cipolla, a Vice President at Minerals Technologies Inc., reported transactions involving the company's stock on January 27, 2025.
- He acquired 1,176 shares of common stock through the vesting of deferred restricted stock units (DRSUs).
- 601 shares were disposed of to cover tax obligations related to the vesting of the DRSUs at a price of $76.19 per share.
- Following these transactions, Cipolla directly owns 37,685 shares of common stock and indirectly owns 9,535.16 shares through a 401(k) plan.
- He also holds 8,014 deferred restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedule of the DRSUs, with three equal annual installments, is a common practice for executive compensation.
- The tax withholding of shares is a standard procedure to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/25/2022 | Date the DRSUs were granted. |
| 01/25/2023 | First vesting date of the DRSUs. |
| 01/22/2025 | Date of the Plan Statement used for 401(k) information. |
| 01/27/2025 | Date of the reported stock transactions. |
| 01/29/2025 | Date the Form 4 was signed. |
Keywords
stock transactions, insider trading, Form 4, deferred restricted stock units, DRSUs, Minerals Technologies Inc., MTX, executive compensation, equity
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